Chrysler to be sold off

DaimlerChrysler today announced the €5.5bn sale of its loss-making Chrysler operation to a US private equity group.

Chrysler to be sold off
Mon, 14 May, 2007 - 11:43

DaimlerChrysler today announced the €5.5bn sale of its loss-making Chrysler operation to a US private equity group.

The deal with Cerberus Capital Management reverses the merger 10 years ago that saw the American and German car giants join forces.

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CourtsBusinessHeathrowPlace: USOrganisation: ChryslerOrganisation: DaimlerChryslerOrganisation: Cerberus Capital ManagementOrganisation: Daimler
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